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315-319 West 84th Street

Mike Iryami Acquires Multifamily Property On West 84th Street For $2M
SOLDMultiFamily

Mike Iryami Acquires Multifamily Property On West 84th Street For $2M

$2,000,000

$308/SF

Building Size

6,480 SF

Asset Type

MultiFamily

Closing

May 24, 2024

AI

A multifamily property spanning 0.3 acres located at 315-319 West 84th Street in Los Angeles was successfully sold. The property, with a total of 6,480 square feet, was acquired for $2 million at a price per square foot of $309. The buyer, represented by Mike Iryami of BRC Advisors, purchased the property, while the seller was represented by Juan Cardenas of Re/Max Commercial & Investment Realty.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,000,000
  • Address: 315-319 West 84th Street
  • Market: Los Angeles
  • Square Footage: 6,480
  • Price Per Square Foot: $309
  • Buyer's Rep: Mike Iryami - BRC Advisors
  • Seller's Rep: Juan Cardenas - Re/Max Commercial & Investment Realty

BRC Advisors' Mike Iryami facilitated the purchase of the multifamily property at 315-319 West 84th Street on behalf of the buyer. On the seller's side, Juan Cardenas of Re/Max Commercial & Investment Realty played a key role in representing the seller in this transaction.

Players

Juan Cardenas

Re/Max

Broker

$2M

vol

1 deal

Broker

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93